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Now, we will briefly review the financial results for the fiscal year ended March 31, 2015.
Operating revenue stood at ¥773.1 billion, up ¥59.1 billion year on year, with an rise in gains on the sales of buildings for investors in the Urban Development segment and contribution of properties that began operation.
Operating income stood at ¥63.3 billion, with a year-on-year rise of ¥1.9 billion, following growth in revenues in the Urban Development segment, as was the case with operating revenue, despite a rise in goodwill amortization after making the switch to a holding company structure.
Net income stood at ¥25.2 billion, up ¥1.5 billion from the preceding fiscal year. This is due chiefly to an improvement in the gain or loss of minority interests after making the switch to the holding company structure and a decrease in corporate income tax adjustments due to a tax rate change.
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